Wednesday broker round-up UPDATE
5th Dec 2012 07:19
Anglo American: Morgan Stanley reduces target price from 2110p to 1802p and keeps an equal weight rating. Brewin Dolphin Holdings: Peel Hunt raises target price from 185p to 230p and maintains a buy rating. British Sky Broadcasting Group: Nomura raises target price from 950p to 975p and reiterates
Read moreTuesday broker round-up UPDATE
4th Dec 2012 07:35
Anite: Panmure Gordon moves target price from 163p to 165p; buy recommendation kept. Canaccord Genuity raises target price from 143p to 169p and maintains a buy recommendation. Ashtead: Seymour Pierce raises target price from 400p to 460p and reiterates its buy recommendation. Barclays: Credit Sui
Read moreLondon midday: Markets rise after manufacturing data
3rd Dec 2012 11:35
- Chinese and Indian PMIs improve - UK manufacturing PMI beats forecasts - Miners provide a lift in London The Footsie had held on to gains by Monday lunchtime after some decent manufacturing figures from China and India, though the mood was cautious on the back of uncertainties surrounding the US
Read moreLondon close: Stocks end the week in a cautious mood
30th Nov 2012 16:35
- Market pares gains by the close - Bundestag approves Greek aid - Eurozone jobless rate and US consumer spending disappoint UK stocks finished broadly flat on Friday, paring gains by the close of trade as markets headed into the weekend in a cautious mood on the back of uncertainty surrounding the
Read moreFTSE 100 movers: Broker upgrades lift Johnson Matthey and Croda
30th Nov 2012 13:25
Blue-chip constituents Johnson Matthey, Croda, Pennon and Intertek were performing well on Friday afternoon following a number of upbeat broker comments. Chemical peers Johnson Matthey and Croda International were lifted higher after Credit Suisse upgraded the companies from 'neutral' to 'outperfor
Read moreRBS exits India to shrink non-core assets
30th Nov 2012 09:12
Royal Bank of Scotland (RBS) is no longer selling its Indian retail and commercial banking operations to HSBC. Instead, it will be winding down what was a profitable business. RBS agreed to sell the business to HSBC in July 2010, but the deal lapsed on Friday November 30th. The Indian operations ar
Read moreLondon close: Stocks rebound as 'Glenstrata' deal pushed through
20th Nov 2012 16:32
- Xstrata shareholders approve merger with Glencore - Hamas official says ceasefire has been agreed - Eurogroup meeting on Greece kicks off in Brussels After a poor start on Tuesday, UK stocks rallied in afternoon trade to finish broadly flat after shareholders approved the merger between FTSE 100
Read moreFTSE 100 movers: Xstrata rises on merger agreement
20th Nov 2012 16:04
Xstrata shares have jumped after the company's shareholders gave their approval on a merger between it and commodities trading giant Glencore, sealing the deal on what has been 10 months of discussions. However, investors voted against the controversial retention package for its managers. Fashion c
Read moreLondon midday: Markets cautious ahead of Eurogroup meeting on Greece
20th Nov 2012 11:27
Following on from a 2.36 per cent surge yesterday, the FTSE 100 pulled back on Tuesday morning with concerns about the Eurozone being reignited ahead of an extraordinary Eurogroup meeting on Greece scheduled for this evening. Eurozone finance ministers are meeting today in Brussels to discuss wheth
Read moreLondon open: Stocks slip as France downgraded
20th Nov 2012 08:45
With another European nation losing its prized 'AAA' rating last night, UK stocks edged into negative territory on Tuesday morning as Eurozone concerns came back into focus ahead of an extraordinary Eurogroup meeting on Greece. Investors are losing options to safeguard their funds in the highest in
Read moreLondon close: Footsie rallies on US budget hopes
19th Nov 2012 16:53
- Obama confident that 'fiscal cliff' will be dealt with - Markets await Eurogroup meeting on Greece - Egypt PM says Israel/Gaza truce may be near -Reuters - Banks and miners surge on increased risk Stocks rallied on Monday after hitting a four-month low the previous session on the back of increas
Read moreSector movers: Banking stocks benefit from market surge
19th Nov 2012 15:16
Banking stocks were performing well on Monday afternoon as investors' appetites for risk were sparked by increased hopes over the US budget. Global lender HSBC rose after confirming press speculation that it is mulling a sale of its minority stake in Chinese insurance giant Ping An Insurance. HSBC
Read moreLondon midday: Markets rise as concerns over US budget ease
19th Nov 2012 11:35
Stocks advanced on Monday morning as optimistic comments by US lawmakers over the weekend regarding the budget lifted hopes that the government will come to an agreement to avert the impending 'fiscal cliff' by the January 1st deadline. "Today has very little in terms of economic data to be announc
Read moreBroker tips: HSBC, Serco, Ocado
19th Nov 2012 10:58
Investec has upgraded its rating for global banking giant HSBC from 'hold' to 'buy', saying that the downgrade cycle could finally be over. Investec has raised its target price for the stock from 590p to 630p. "From here, we expect outperformance versus Lloyds ('sell') and RBS ('sell')." Credit Su
Read moreBroker snap: HSBC to outperform Lloyds and RBS, says Investec
19th Nov 2012 09:03
Investec has upgraded its rating for global banking giant HSBC from 'hold' to 'buy', saying that the downgrade cycle could finally be over. The broker said on Monday morning that despite the material improvement in credit experience seen in the third quarter and further encouraging trends in underl
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